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April 3, 2018

Despite demonetisation and GST, Bengal’s economic performance has been very good: Mamata Banerjee

Despite the adverse effects of demonetisation and the hasty implementation of goods and services tax (GST) on the economy, the performance of Bengal in the financial sector during the fiscal year 2017-18 has significantly improved, due to the Trinamool Congress Government’s focussed and persistent approach.

Chief Minister Mamata Banerjee put out a Facebook post yesterday, detailing the various aspects of the financial performance.

Plan expenditure

Grown by 16.5% as against our target of 11%, from Rs 49,609 crore during 2016-17 to Rs 57,778.60 crore during 2017-18

This is 5 times the total plan expenditure of Rs 11, 837.85 crore during 2010-11

Capital expenditure

Grown by nearly 59%, from Rs 12,028.50 crore during 2016-17 to a record Rs 19,084.70 crore during 2017-18

This is 8.5 times the total capital expenditure of Rs 2,225.75 crore during 2010-11

Mamata Banerjee also put out in her message that the above significant improvements in performance have been possible due to the government’s consistent and close monitoring of finance, as well as the holding of more than 400 administrative review meetings, and public distribution programmes at state, district and block levels. The administrative review meetings enable the Chief Minister and top administrative officials to get direct input from district and block officials about their needs.